Region

Middle East

The OPEC core around the Persian Gulf, plus the Strait of Hormuz, the chokepoint that roughly a fifth of the world's oil passes through.

Regional crude production

EIA STEO · Sep 2026

Saudi Arabia

8.10M bbl/d

▼ 19% YoY

Iraq

3.70M bbl/d

▼ 15.9% YoY

Iran

1.90M bbl/d

▼ 43.8% YoY

Kuwait

1.62M bbl/d

▼ 36.5% YoY

Trend lines: trailing 24 months (Oct 2024 – Sep 2026), quarterly ticks. Click a card to expand. Source: EIA STEO.

Country production from EIA STEO; basin outline from the USGS World Petroleum Assessment; prices are live.

Latest from Middle East

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Middle East

Regional crude production

Baker Hughes books $10.8 billion in third-quarter orders, up 31% on the year

UK clears Jackdaw gas field and launches a £2 billion Energy Wealth Fund

Liquid-cooled AI halls carry nearly 2.7 times the piping cost per megawatt, DC Market Insights estimates

Phillips 66 locks out about 385 union workers at Bayway refineryAnalysis

Data center power cable market forecast to reach $4.72 billion by 2035

UK clears Jackdaw gas field to start producing this monthAnalysis

Data center cooling tower market forecast to reach $2.44 billion by 2035

Green data center market forecast to reach $90.38 billion by 2035

Brent slips to $106.04 as Russian diesel offer meets Gulf attack risk

Energy importers adopt clean power three times faster than exporters, DNV finds

KBR wins Aramco contract to upgrade Marjan offshore field

KBR wins Aramco contract to upgrade Marjan offshore field

Heating oil bills to jump 21% this winter while gas heat gets cheaper, EIA says

Brent crude climbed from $72 to a $109 peak in the third quarter

OPEC+ keeps November oil output targets unchangedAnalysis

OPEC+ holds November oil output quotas steady as Middle East war keeps Brent above $100

OPEC+ keeps November oil output targets unchanged as Gulf exports lag

Oil executives see WTI falling to $88 by year-end, Dallas Fed survey finds

OPEC+ to hold November oil output steady, Gulf supply still short

Sinopec picks New Wave Offshore for marine survey work on Iraq gas project

SLB to expand Oman's Bisat-B facility for OQEPAnalysis

Equinor targets 10-15 million tonnes of LNG a year by the early 2030s

Arabian Drilling signs $533mn gas rig deal with SLB

Saipem completes sale of Saudi shallow-water drilling unit to ADES

IEA says Middle East conflict is pushing coal demand to a record

ADNOC, XRG and SEFE sign MOU to deepen gas and LNG ties with Germany

EIA lifts 2027 US oil output forecast to a record 14.3 million bpd

Houthi attacks on Saudi Arabia hit Aramco oil sites, wound more than 70

OPEC+ holds oil output steady for October as Hormuz disruptions persist

US LNG exports jumped 23% in first half of 2026, EIA says

Iran completes two wells at Balal gas field, project reaches 42%

Devon Energy commits to new Permian-to-Gulf Coast gas pipeline

Shell draws bidders for US chemical assets that could fetch $8 billion

Iraq targets 8 million to 10 million barrels a day within six years

DNO shares trade ex-dividend ahead of NOK 0.375 payout

DNO sells Côte d'Ivoire business to Panoro Energy for $86.5 millionAnalysis

Castrol's PG25 cooling fluids validated by NVIDIA for AI data centres

XRG enters Venezuela with equal stake in offshore Loran gas licenceAnalysis

Wison Engineering wins $4.04 billion ADNOC Gas EPC contract

XRG enters Venezuela with stake in offshore Loran gas licenceAnalysis

US crude stocks surge 17.4 million barrels as OPEC, IEA cut demand outlook

DNO sets NOK 0.375 dividend, payable 1 September

DNO's Q2 revenue rises 21% as North Sea output offsets Kurdistan halt

OPEC output climbs to 19.85 million bpd in July as Iraq leads the rebound

EIA sees natural gas inventories at decade high heading into winter

Baker Hughes to build Kuwait Oil Company research center under new contractAnalysis

EDF, Al Khadra and OQAE close financing for 120 MW Oman wind project

ADNOC Gas Q2 net income beats guidanceAnalysis

Vaalco Energy tops guidance in second quarter, net income hits $42.4 millionAnalysis

Valaris books exploration well and North Sea plug-and-abandonment work

Energia Costa Azul ships first LNG cargo, triples Mexico's export capacity

Sercel to run SIMOPS software on ExxonMobil's Guyana Whiptail project

OPEC+ panel confirms compliance, warns on energy infrastructure attacks

ExxonMobil second-quarter profit rises to $14.5 billionAnalysis

China's crude oil imports drop 32% to 8.1 million barrels a day

Chevron posts $12.1 billion Q2 profit, signs 20-year Microsoft power deal

MERA Oil nears site decision for $5 billion Gulf refinery corridor

DNO's North Sea output more than doubles as Kurdistan stays near a halt

Hexagon Agility signs exclusive three-year CNG bus deal with Iveco Bus

Baker Hughes orders jump 49% to $10.5 billion in second quarterAnalysis

NANO Nuclear and Fortil advance fuel handling design for the KRONOS MMR

US and Saudi Arabia sign nuclear cooperation agreement

EU tells member states to suspend methane import fines through 2029

ConocoPhillips agrees to redevelop producing oil fields in IraqAnalysis

Brent crude swung from $72 to $118 a barrel in the second quarter, EIA says

OPEC cuts 2026 oil demand growth forecast to 780,000 b/d, third downgrade in a row

Global LNG trade hit a record 56.3 Bcf/d in 2025 before Hormuz cut supply

Labour MP took Aberdeen energy sector map to PM Andy Burnham

US crude oil output hit a record 13.6 million barrels a day in 2025Analysis

UAE crude exports hit a record 3.8 million barrels a day in June

US, Japan and South Korea sign pact on small modular reactor deploymentAnalysis

Precision Drilling's AI system predicts up to 88% of mud pump failures

Baker Hughes' Kantori system boosts drilling speed up to 84% in trials

Seven OPEC+ nations to adjust oil output by 188,000 barrels a day in August

UAE leaves OPEC, cutting the group's share of world crude to 31%

U.S. jet fuel output hits record as Hormuz closure lifts prices

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